Karnataka Bank is targeting a disbursement of Rs 1,460 crore under export credit during 2013-14, a growth of 12 per cent over the previous year.
At present, it has 20 designated branches for forex business, including three overseas branches and 56 forex bureau branches, which act as feeders to these designated branches. The bank had registered a growth of Rs 248 crore in export credit and Rs 458 crore in merchant turnover during the previous year, it said.
